Ontario’s financial accountability officer says in a report today that the province’s housing starts for the first quarter of this year were at the lowest levels since 2009.

The federal government’s plan to eliminate the GST on first-time homebuyers’ purchases of most new homes may actually lead to higher prices, a new report says.

The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.